# Bitcoin Holds Near $63,900 as a Partly Closed Hormuz and a Hawkish Fed Chair Frame the Week

Brent crude settled above $85 with the Strait of Hormuz disrupted, while Fed Chair Kevin Warsh reaffirmed an inflation-first stance that keeps rate cuts on hold ahead of next week's policy meeting.

- Published: 2026-07-19T05:27:20.177Z
- Canonical: https://polylog.news/crypto/2026-07-19/bitcoin-holds-near-63-900-as-a-partly-closed-hormuz-and-a-ha
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CryptoSlate](https://cryptoslate.com/bitcoin-is-trading-through-a-dangerous-weekend-as-20-of-the-worlds-oil-hangs-in-the-balance/), [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/markets/2026/07/18/massive-bitcoin-call-spreads-target-usd72-000-by-month-end-right-when-the-fed-meets)

Bitcoin traded through the weekend against a tense macroeconomic backdrop. According to CryptoSlate, Bitcoin traded near $62,900 on Friday afternoon, down roughly 38% from its October 2025 peak, before recovering to around $63,900 by early…

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